PARIS
French consumer spending sunk unexpectedly in June as households spent
less on food and energy, statistics showed Wednesday
Consumer spending in the euro-zone's second largest economy declined 0.8% in
June from May, and was 0.5% lower than June 2012, national statistics bureau
Insee said
Economists polled by Dow Jones Newswires had forecast on average
that consumer spending would remain at the same level in June as in May and rise
0.1% on year
Still, Insee revised the May figures up to a 0.7% increase on the month from
a previous reading of +0.5%
Consumer spending for the whole of the second
quarter of 2013 was 0.3% higher than the first quarter of the year, Insee said
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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